'TMC against SEZ but will offer similar benefits to Infosys'

Image
Press Trust of India Kolkata
Last Updated : Sep 26 2015 | 7:22 PM IST
Trinamool Congress is against SEZ policy, but the state government has assured IT major Infosys of "similar" tax benefits instead of the special status for its software development centre at Rajarhat, West Bengal Consumer Affairs Minister Sadhan Pande today said.
"Trinamool Congress is against SEZ policy and maintained its stance when the party came to power and expressed reluctance in offering SEZ status to Infosys which had planned to build an IT SEZ at Rajarhat on 50-acre land," he said.
In May, Infosys had asked the West Bengal government to either give SEZ status to the company's proposed centre at Rajarhat or repay the money it has given in advance for the land.
"We have told the state government that it should either give us the SEZ status or pay back the money which was advanced to get the land," a senior Infosys official had said.
State Finance Minister Amit Mitra had assured Infosys that the company would be offered "similar" tax benefits in lieu of SEZ, but even then, "...If they (Infosys) do not come what can be done?" Pande said at the 128th AGM of Bengal National Chamber of Commerce and Industry here.
He said that the state government is also promoting SME sector in a big way and is also open to assist in case of any problems.
Meanwhile, BNCCI is planning to build a complex on 1.5 acres of land by 2020 that will house trade facilitation infrastructure.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 26 2015 | 7:22 PM IST

Next Story